NewsRoom Articles - Page 113 of 125

MondayNov 23, 2020 2:15 pm

Switching to EVs Triggers Burst of Innovation in Manufacturing

In a bid to reduce carbon emissions and conserve the environment, several developed countries have pledged to phase out internal combustion engines for electric vehicles over the next decades. Powered by clean renewable energy and emitting zero emissions at the tailpipe, electric vehicles (“EVs”) are the perfect vehicle for a net-zero economy. Like the internet in the late ‘90s and early 2000s, EVs have completely disrupted the automotive industry, forcing players across the supply chain to either adapt with the times or be left behind. For instance, the emergence of EVs has seen a rise in the use of “skateboard”…

FridayNov 20, 2020 3:15 pm

NASA Completes Propeller Test for Fully Electric Plane

With electric vehicles (“EVs”) poised to take over the roads in the next decade or two, there has been increased interest in electrifying other forms of transport. But with the EV industry still in its infancy, doing so in the near future may prove to be a challenge. Bill Gates famously claimed that electric trucks, cargo ships, and jets would “probably never” happen, but companies such as Rivian, BYD and Daimler Trucks, which are developing electric trucks, buses and vans, are proving that nothing is impossible in the EV space. Conversely, NASA has been working on an electric plane prototype,…

ThursdayNov 19, 2020 2:54 pm

Falling Battery Prices Pave Way for EV Future; Net Element Inc. (NASDAQ: NETE) Positioned to Profit through Mullen Technologies Merger

EV battery prices becoming increasingly economical, dropping 87% in less than decade with additional 30% drop predicted by 2023 NETE plans to divest payments processing model to enter EV industry through merger with privately-held Mullen Technologies Inc. Battery-focused subsidiary Mullen Energy part of US expansion, thousands of jobs expected to be created Pre-orders for MX-05 SUV commenced, production expected to start in 2021 The average real price of electric vehicle (“EV”) batteries has dropped 87% in less than a decade (https://ibn.fm/GRCa9) and is projected to drop even further due to technological innovations destined to make EVs a viable alternative to gas-powered…

ThursdayNov 19, 2020 2:30 pm

UK Regions Vie to Host First EV Battery Gigafactory

The race towards fully electrifying our roads is on, and the UK has announced one of the most ambitious plans for replacing conventional vehicles with electric vehicles (“EVs”). The UK government has announced that it plans to bring forward its ban on the sale of new internal combustion engine vehicles from 2040 to 2030 as it looks toward becoming a net-zero economy. As such, numerous regions have been vying for the honor of hosting the UK’s first gigafactory, which will manufacturer electric vehicle batteries. First popularized by American EV maker Tesla, a gigafactory is a large manufacturing facility that can…

WednesdayNov 18, 2020 1:00 pm

3 EV Stocks That Could Challenge Tesla’s Dominance

For more than a decade, the only major player in the electric vehicle (“EV”) space has been Tesla. With an 81% market share in the United States and 15% globally, Tesla is arguably the largest EV company and the most valuable automaker on the globe. Valued at around $300 billion, Tesla surpassed established automakers such as Toyota, General Motors, Ford and Volkswagen. However, despite cornering the U.S. market, Tesla Inc. (NASDAQ: TSLA) may be facing steep competition in the future from the following EV stocks. NIO Inc. Like Tesla, NIO Inc. (NYSE: NIO) has cultivated a cult following by developing…

TuesdayNov 17, 2020 3:00 pm

Electric Motorcycle Sets 11 World Records

The Voxan Wattman was made to break records, and on the morning of Oct. 31, it did just that. Italian rider Max Biaggi rode the bike at the Chateauroux airfield in France, breaking existing global records and setting 11 new ones. Designed by Monegasque electric motorcycle company Voxan, the Voxman Wattman is, in fact, three different bikes in standard, partly streamlined and streamlined form. The bike runs on a 15.9kWh battery that provides 317kW (425hp) of raw power, with dry ice being used to absorb the resultant heat and cool the bike. Instead of a front brake or a parachute,…

MondayNov 16, 2020 3:25 pm

Switching to Sustainable Technologies Will Depend on Meticulous Planning

At the moment, many countries are pinning their plans of recovering from the pandemic-induced economic downturn on investments that will be directed towards developing or deepening green technologies, such as electric vehicles and renewable energy. However, the catchy phrases being flashed around will not help the world operate more sustainably if careful planning isn’t directed towards making the leap workable in the long term. For example, making the switch to renewable forms of energy, such as solar and wind energy, to quickly can leave economies at the mercy of the fickle weather. This could have devastating consequences when not enough…

FridayNov 13, 2020 3:25 pm

How EVs and Renewable Energy Could Save Our Planet

Societies have made massive strides in their economic development, and one key player in that prosperity has been the automobile. Vehicles transport people to work as well as ferry goods from one point to another. But the current generation of vehicles has come with a massive attendant cost—the magnitude of greenhouse emissions is so great that our very existence is at risk if nothing is done to reverse the current trajectory of climate change. The key to scaling back the damage is not by using less of the current fossil-fuel energy vehicles rely on. Instead, we have got to change…

ThursdayNov 12, 2020 3:15 pm

Motorcycle Manufacturers Unveils Low-Cost Electric Scooter for Urban Use

Not many people think of scooters and motorcycles when the subject of electric vehicles (“EVs”) comes up, but these two-wheeled mobility tools have witnessed a transformation as manufacturers venture into the EV space. Yamaha (OTC: YAMHF) is one of those manufacturers that now offers electric motorcycles as well as electric scooters. The Japanese manufacturer’s newest offering is a scooter that looks similar to the Vesper. Named e-Vino, the scooter is intended for urban use because of its small size as well as its limited range. The pint-sized scooter weighs only 149.9 pounds. This weight bumps up to 163 pounds when…

WednesdayNov 11, 2020 3:35 pm

GM Hiring Staff for Ohio EV Battery Factory

Late last year, General Motors (“GM”) made an announcement that would propel it into the relatively young EV industry. Through a new, equally owned joint venture company called Ultium Cells LLC, GM and LG Chem planned to build a battery gigafactory in Ohio with an annual capacity of 30 GWh; the two firms were investing up to a total of $2.3 billion to build the factory. During the announcement, GM stated that the new gigafactory would create more than 1,100 new employment opportunities. Close to a year later, the automaker is making good on that statement and has started hiring.…

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